Staked USDC (wUSDM) Leverage
This investment strategy can be proceeded on MANTA PACIFIC network
Leverage Staked USDC (wUSDM) rewards
Staking rewards for USDC with Mountain Protocol Liquid Staking wUSDM token is currently at around 5% APY. In addition to that, Manta Pacific Network is providing MANTA token reward at the same time. Users can leverage staked USDC rewards as below:
3️⃣ Deposite USDC through Manta New Paradigm and exchange to wUSDM
4️⃣ Deposite wUSDM on Shoebill V2 again
5️⃣ Repeat other process
Users can leverage for higher APY with low liquidation risk
How does Shoebill returns staking rewards cumulated to wUSDM?
wUSDM is reward accuring token of which the exchange rate increases based on the value comparing to USDC. Shoebill V2 returns the exact quantity to the depositors.
Where can I get wUSDM?
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